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INVITROGEN CORP
(IVGN-Nasdaq):
Technical Viewpoint: From a low
of $28.06 on Apr 14, 2003 prices
rallied, reaching a
high of $42.15
on Jun 6, 2003. A
decline saw prices pull back, reaching a
low of
$36.26 on Jun 23, 2003.
Another rally saw prices penetrate
resistance, closing 7/2/03
at $45.09. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 28, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $40.50. Resistance: Is at $53.50.
Point & Figure: Reversed to the upside on Jul 2, 2003. A P&F upside
reversal takes place at $42.00. Summary: Technical indicators have turned bullish. BUY! INVITROGEN CORP
(IVGN-Nasdaq) @ $45.75 Stop: Use a protective stop of $43.75.
INVITROGEN CORP is currently trading @ $45.09 plus $6.57 on Jul 2, 2003. Price Objective:
$58.00. Risk/Reward: $2,00 VS. $12.25. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$58.00
Risk/Reward:
$2,00 VS. $12.25
Risk/Reward Ratio:
6:1
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